Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best cTrader Brokers in Cyprus for 2025. Five companies that enjoy huge popularity in Cyprus were selected and compared between each other.
1
XM Group - Best in Cyprus for 2025
Trading conditions of XM Broker are ideal for both novice traders and professionals. There are standard and ultra low spreads accounts, loyal minimum deposit requirements, leverage as provided by requirements of the European regulators. To test strategies, get acquainted with the functionality of platforms, mobile app and test their potential, a demo account is provided.
The broker is a market maker in the international financial market. This means that XM Group has direct access to liquidity and can provide traders with the best quotes. Spreads on Ultra accounts are from 0.6 pips. The company guarantees an almost complete absence of slippage regardless of market volatility level and a competitive market spread in moments of sudden price movements.
Learn More about XM allow scalping
2
Axiory - Best in Cyprus for 2025
Axiory broker offers clients over 150 trading instruments, classic terminals MetaTrader and cTrader, the ability to choose several types of accounts. Depending on the type of account chosen, clients can take advantage of the leverage of up to 1:777. Potential clients can test the trading conditions on demo accounts. Muslim traders can work on Islamic accounts (without do not charge for swaps) after a request to the support service.
3
Traders Way - Best in Cyprus for 2025
Trader’s Way works with traders with any level of trading experience, offering a wide variety of live accounts. The entry threshold on all account types is low, with the minimum deposit set at $10. The spread on professional accounts starts from 0.0 pips; Standard accounts start from 0.7 pips. For EUR/USD, the average spread is 0.5 pips (on MT4.ECN, MT5.ECN, CT.ECN) and 1.4 pips (on МТ4.VAR). There is a commission per lot on ECN accounts.
4
Scandinavian Capital Markets - Best in Cyprus for 2025
Scandinavian Capital Markets offers clients more than 100 trading instruments, MetaTrader 4, cTrader, and FIX API. Trading leverage depends on the instrument and is up to 1:200 for currencies and up to 1:33 for cryptocurrencies. Novice traders and potential clients have the opportunity to trade on a demo account, which eliminates the risk of losing money because trading is carried out with virtual funds.
5
Fondex - Best in Cyprus for 2025
Usually, the minimum deposit depends on the account type. However, with Fondex, it's different, there is simply no minimum deposit for its account. This means that when a trader opens a real account, they don't need to deposit a specific amount. They can deposit as much as they consider necessary, considering the minimum lot size, as well as the ability to trade micro-lots. Trading leverage of 1:500 is a typical indicator. Some brokers offer leverage of up to 1:1000, but leverage of 1:500 is considered sufficient. As leverage increases, both the potential for profit and potential losses increase. Traders can learn about these nuances from Fondex's educational materials and by contacting customer support, which provides detailed consultations on trading questions. Customer support is available all day and night on weekdays and can be reached through various channels of communication, including a call center, email, and LiveChat.
TOP 5 Comparison
In order to choose the Best cTrader Brokers in Cyprus in 2025, TU analysts chose 5 best brokers in this country. In the table below, you can see a basic comparison of these companies. Experts selected only the most reliable brokers that are popular among traders in Cyprus.
| XM Group | Axiory | Traders Way | Scandinavian Capital Markets | Fondex | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Mobile Trading, XM App |
MT5, MT4, cTrader, WebTrader, Mobile platforms |
cTrader, MetaTrader4, Web App, MetaTrader5 |
cTrader, MT4 |
cTrader |
|
Min deposit |
$5 |
$50 |
No |
$250 |
$1 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0.8 points |
From 0.2 points |
From 0 points |
From 0 points |
From 0.5 points |
|
Level of margin call / stop out |
100% / 50% |
50% / 20% |
80% / 20% |
100% / 80% |
50% / 5% |
|
Execution of orders |
Market Execution |
Market Execution |
NDD, STP |
ECN |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
No |
No |
No |
No |
TU Expert Review for the best cTrader Brokers in Cyprus
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best cTrader Brokers in Cyprus is posted below.
XM Group - TU Expert Review
XM Broker can be safely recommended to those who are interested in professional trading with high order processing speed and optimal level of commission. The first thing worth noting is that it has licenses of four leading regulators in the world simultaneously. These are FSC (Mauritius), FSC (Belize, 000261/397), CySEC (Cyprus, 120/10), FSA (Seychelles). The second moment is the types of accounts. The broker guarantees the same quality of execution for all types of accounts, which means a minimum of requotes, slippages and instant overlap of orders with counterparty counter transactions. The level of leverage complies with the European standards (including the MiFID directive that all CySEC licensees work in accordance with). There is an average market spread. The maximum leverage for clients registered under the EU regulated entity of the XM Group is 30:1. Attractive trading conditions for novice traders are also worth noting. The minimum deposit is 5 US dollars; there are cent (micro) accounts with a lot equal to 1,000 units. Thanks to its elaborated service and high-tech platforms, XM Broker is rightfully one of the best companies in the Traders Union rating.
Axiory - TU Expert Review
The Axiory STP broker has been providing services for over seven years and is working hard to improve the trading environment for its clients. The broker's servers are connected to data centers through which large-scale liquidity flows pass, namely Equinix in Tokyo (TY3) and London (LD5). Therefore, the quality of order execution is above average, which is confirmed by the updated statistics of order execution. Axiory's spreads are floating only. The order execution speed is from 135 milliseconds, a good indicator. Axiory brokerage company offers five types of accounts: Standard, Nano, Max, Tera, and Alpha. The minimum deposit is $10 and trading conditions differ depending on the type of account. For example, the average spread on EUR/USD is only 0.2 pips on the Nano account (but there is a fee of $6 per lot); but on the Max account, trading leverage of up to 1:777 is available, which is one of the largest on the market. On average, the trading conditions are competitive. Details of the current spreads, fees, and other costs for each underlying instrument are available on the Axiory website. For detailed terms and conditions of trading accounts, please contact technical support specialists. Online chat operators respond informatively and very quickly. The site has eight language versions, and support responds in English and Arabic.
Traders Way - TU Expert Review
From the very beginning, Trader’s Way (TradersWay.com) has aspired to provide better products, technologies, and services to its customers. The broker offers a wide range of trading instruments, minimum deposits that are affordable to any trader, and high leverage. The broker’s customers have access to currency pairs, metals, and energies using the most popular platforms — MetaTrader 4, MetaTrader 5, and cTrader. Trader’s Way offers beneficial conditions primarily to professional traders. The ECN account provides access to working directly on the interbank exchange with popular assets and tight market spreads. Beginners on Forex can copy trades of experienced traders using the available social trading platforms. At the same time, due to several drawbacks (the absence of cent accounts and education materials), the broker cannot be considered the best option for novice traders. The company’s website has been localized in 11 languages, but we recommend using the English version, not the Russian one. The information about trading conditions in Russian is outdated: some data about the accounts and services do not correspond to reality. However, the operators of the online chat quickly clear up any inconsistencies (the response time is 3-5 minutes).
Scandinavian Capital Markets - TU Expert Review
Scandinavian Capital Markets has been on the market for more than 10 years and throughout the entire period of its work it implements innovative ideas and services that expand the capabilities of the company's clients. Traders can choose an account currency, spreads, leverage, and trading fees. Also, clients can open trust accounts, earn money by copying trades, attract referrals, or create their own business using the ready-made infrastructure of the broker. In addition to standard trading and PAMM accounts, the broker's clients have the opportunity to open a demo account for risk-free trading with virtual funds. Such accounts are used by novice traders to apply theoretical knowledge in practice, and by experienced traders to test the functionality and improve their trading strategies. This broker provides all the necessary legal information on its official website. If you need to clarify something and get advice, you can contact technical support through the feedback form, by phone, or in a live chat. Support responds quickly and helps to resolve issues.
Fondex - TU Expert Review
The Fondex broker is relatively new but has already achieved significant success. The reason for its strong start is evident – it has renowned financial analysts and experienced specialists at its core who have managed to assemble an excellent team. Often, this is more important than the technological stack, although Fondex also excels in that aspect. Testing has shown that the platform operates smoothly, providing at least average market execution, if not faster. Additionally, traders should have no concerns about reliability since the company is officially registered and regulated by the BMA. On the internet, you can find quite a few positive reviews from broker clients. Fondex's starting conditions look appealing in that the broker offers a free demo account, and when registering a real account, there are no minimum deposit requirements. This is especially convenient for beginners and those who are not yet sure if this platform is suitable for them. There are trading advantages too because it offers a market-average spread of 0.5 pips without any commission. Trading becomes even more profitable because there are no fees for withdrawals. Depositing funds and withdrawing profits can be done through all standard methods: Visa/MC bank cards, Sepa, ABSA, and PayTrust. In line with the current trend, the broker offers the B2B in Pay system, which allows fund transfers in cryptocurrency. A competitive advantage of Fondex is that, in addition to active trading on numerous CFD markets, it offers two alternative earning options. This includes a copy trading service, which is generally no different from similar solutions on other platforms, and a feature for auto-trading. Auto-trading is presented in a non-typical way in that there are several bots tailored to different trading styles. Traders choose a suitable bot, customize it to their preferences, and start trading. TU experts cannot guarantee the success and effectiveness of the bots, but according to reviews, they are often useful and can generate stable income.
Summary
Many brokers operate in Cyprus, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best cTrader Brokers in Cyprus 2025 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best cTrader Brokers in Cyprus
| XM Group | Axiory | Traders Way | Scandinavian Capital Markets | Fondex | |
|---|---|---|---|---|---|
|
Overall score |
8.53 |
5.66 |
5 |
4.95 |
4.26 |
|
Execution of orders |
9.35 |
2.85 |
5.5 |
2.65 |
2.63 |
|
Investment instruments |
9.2 |
5.1 |
2.5 |
9.2 |
2 |
|
Withdrawal speed |
7 |
7 |
8 |
9 |
8 |
|
Customer Support work |
8.7 |
5.92 |
4.33 |
1.44 |
2.9 |
|
Variety of instruments |
8.02 |
7.1 |
5.02 |
6.37 |
7.4 |
|
Trading platform |
8.9 |
5.98 |
4.67 |
1.05 |
2.63 |
|
|
|||||
|
|
|
|
|
|
|
FAQ
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
Can you earn passive income in the financial markets?
Yes, the best brokers of Cyprus offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Best cTrader Brokers by Countries
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.